6 hrs ago
Odisha UAE outreach secures Rs 2.43 lakh crore proposals
Odisha’s chief minister visited the United Arab Emirates to meet potential investors.
The state says these meetings produced investment proposals worth more than Rs 2.43 lakh crore.
Officials said 24 agreements or investment intentions came from the visit.
The team held 32 individual meetings and group discussions in Abu Dhabi and Dubai.
The proposed investments could create more than 6.18 lakh direct jobs.
They involve industries such as tourism, logistics, food processing, mining and metals.
Some companies had already signed investment agreements with Odisha before the UAE visit.
Investors from Jordan and Oman showed interest, but they have not signed formal agreements.
Odisha says its three-day UAE outreach secured investment proposals worth over Rs 2.43 lakh crore.
Chief Minister Mohan Charan Majhi said 24 MoUs and investment intents followed 32 investor meetings and round tables.
The proposals cover tourism, logistics, finance, processed food, minerals, metals, mining, aluminium and steel-related sectors.
The projects are expected to create more than 6.18 lakh direct jobs in Odisha, according to Majhi.
Investors from Jordan and Oman expressed interest, but the Odisha government said no formal agreements were signed with them.
- Who
- Odisha Chief Minister Mohan Charan Majhi, the Odisha government, and investors from the UAE, Gulf countries, Jordan and Oman.
- What
- A three-day investor outreach programme that produced reported investment proposals exceeding Rs 2.43 lakh crore, including 24 MoUs and investment intents.
- Where
- Abu Dhabi and Dubai in the United Arab Emirates.
- When
- The programme took place over three days; the report was dated September 13.
- Why
- To attract investment, diversify Odisha’s agro-based economy, create jobs and support the state’s goal of becoming a USD 500 billion economy by 2036.
Key facts
- Reported proposals
- More than Rs 2.43 lakh crore
- MoUs and investment intents
- 24
- Investor engagements
- 32 one-to-one meetings and round-table engagements
- Expected direct employment
- More than 6.18 lakh people
- Participating business leaders
- Around 400 from the UAE and other Gulf countries
- Investment sectors
- Tourism, logistics, finance, processed food, critical minerals, rare earths, metals, mining, aluminium and steel downstream
- Odisha investment total since January 2025
- Rs 22.5 lakh crore, according to the chief minister
Quotes
Mohan Charan Majhi
Chief Minister of Odisha
“Earlier, the state government had signed an MoU with IHC-Adani Group for investment of USD 11.5 million in Odisha. During this trip, they have raised the investment amount to USD 22.13 million for the proposed integrated aluminium project in the state.”
theprint.in
“To get maximum investment, we are utilising our political and administrative powers. This resulted in attracting investment worth over Rs 2.43 lakh crore during the UAE visit. It will strengthen our economy and provide employment to our youth.”
theprint.in
Sources
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